Fin. Code, § 1004 · Chapter 1. General Provisions
Fin. Code, § 1004
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A California state bank is a corporation incorporated under Division 1 (commencing with Section 100) of Title 1 of the Corporations Code or, in the case of a public bank, a corporation incorporated under Part 2 (commencing with Section 5110) or Part 3 (commencing with Section 7110) of Division 2 of Title 1 of the Corporations Code, that is, with the approval of the commissioner, incorporated for the purpose of engaging in, or that is authorized by the commissioner to engage in, the commercial or industrial banking business.
(b) (1) All provisions of law applicable to corporations generally, including, but not limited to, the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the Corporations Code) shall apply to a bank that is not a public bank. However, whenever any provision of this division or any regulation or order issued under any provision (other than this section) of this division applicable to banks is inconsistent with any provision of law applicable to corporations generally, that provision of this division or that regulation or order shall apply and the provision of law applicable to corporations generally shall not apply.
(2) All provisions of law applicable to nonprofit corporations generally, including, but not limited to, the Nonprofit Corporation Law (Division 2 (commencing with Section 5000), Title 1 of the Corporations Code) shall apply to public banks. Whenever a provision of Division 5 of Title 5 of the Government Code applicable to public banks is inconsistent with a provision of law applicable to nonprofit mutual benefit corporations or nonprofit public benefit corporations generally, the provision of Division 5 of Title 5 of the Government Code applicable to public banks shall apply, and the inconsistent provision of law applicable to nonprofit mutual benefit corporations or nonprofit public benefit corporations generally shall not apply to a public bank.
(c) As used in this section, public bank has the same meaning as defined in Section 57600 of the Government Code.
Notes and commentary — not statutory text
History
Amended by Stats. 2019, Ch. 442, Sec. 5. (AB 857) Effective January 1, 2020.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1004.
- Text hash
- sha256 33dcb55ef0bbe1ed6fbd4dd4e3e06637f216d8dd59699b09418243badbbfc405
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Corporations Code
- Corp. Code, tit. 1, div. 1GENERAL CORPORATION LAWPrinted as Division 1 (commencing with Section 100) of Title 1 of the Corporations Code | Division 1 (commencing with Section 100) … of the Corporations Code
- Corp. Code, tit. 1, div. 2NONPROFIT CORPORATION LAWPrinted as Division 2 (commencing with Section 5000) … of the Corporations Code
- Corp. Code, tit. 1, div. 2, pt. 2NONPROFIT PUBLIC BENEFIT CORPORATIONSPrinted as Part 2 (commencing with Section 5110) … of the Corporations Code
- Corp. Code, tit. 1, div. 2, pt. 3NONPROFIT MUTUAL BENEFIT CORPORATIONSPrinted as Part 3 (commencing with Section 7110) of Division 2 of Title 1 of the Corporations Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.